CSL share price on watch amid $2.1b half year profit and dividend hike

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CSL share price on watch amid $2.1b half year profit and dividend hike

//stocks-investing.news-articles.net/content/202 .. mid-2-1b-half-year-profit-and-dividend-hike.html

Published in Stocks and Investing on Monday, February 10th 2025 at 17:01 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Let's see how this biotech giant performed during the first half of FY 2025. The post CSL share price on watch amid $2.1b half year profit and dividend hike appeared first on The Motley Fool Australia.

CSL, a global biotechnology company, reported a significant financial performance in its half-year results, with a statutory net profit after tax of $US1.9 billion, up 13% from the previous year, and an underlying profit of $US2.1 billion, marking a 20% increase. This performance was driven by strong demand for its immunoglobulin therapies and robust growth in its plasma collections. CSL also announced a 10% increase in its interim dividend to $US1.19 per share, reflecting confidence in its financial health and future prospects. Despite these positive outcomes, CSL's share price experienced a slight decline of 0.5% to $277.75, possibly due to concerns over the company's outlook for the full year, which was described as "cautiously optimistic" due to potential impacts from currency fluctuations and geopolitical tensions. The company's CEO, Paul Perreault, highlighted the ongoing recovery in plasma collections and the successful launch of new products as key drivers for future growth.

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[ Sun, Feb 09th ]: MSN